AML, SED, CWR: Stocks to eye as UK car production improves after a year

July 01, 2022 01:53 PM BST | By Priya Bhandari
Follow us on Google News:


  • According to recent data released by SMMT, car production in May this year grew by 13.3% as compared with April. 
  • The jump was higher in the full-electric cars (EV) as the production of EVs rose by 108% to 4,525 from 2,172 units.

Car production in the UK witnessed growth in May after almost a year after the sector recovered from the pandemic lows. According to the recent data released by the Society of Motor Manufacturers and Traders (SMMT), despite the closure of a significant car plant last year, car production in May grew by 13.3% as compared with April, with 62,284 units being sold.

The jump was higher in the fully electric vehicle segment (EV) as its production rose by 108% to 4,525 from 2,172 units. As per SMMT figures, approximately, 22.6% of cars built in May were alternatively fuelled, which is 19.3% more than last year.   

The UK’s car production grew for the first time after 11-month slump in May.

©2022 Kalkine Media®

The overall output decreased by 23% due to issues related to shortages of semiconductors along with other supply chain-related issues. As compared to the last year, only 330,185 units were built in 2022. Around 429,826 cars were produced in the same period last year.

SMMT also revealed that the output was still 46.3% below the pre-pandemic level, despite increased demand in the international and domestic markets.

Investment is an important call. We have picked up three LSE-listed stocks that investors may consider.

Let us look at three FTSE listed stock that you may consider.

Aston Martin Lagonda Global Holdings Plc (LON: AML)

The world’s only independent luxury car group has a market cap of £514.75 million, as of 1 July 2022. The FTSE 250 firm’s shares were trading at GBX 441.70 and were down by 0.07%, at 11:40 AM (GMT+1), on Friday.

On a YTD basis, the company offered negative returns of 67.02% to its investors, while its one-year return was at -76.44%. 

Saietta Group Plc (LON: SED)

Saietta Group’s market cap stood at £122.16 million, as of 1 July 2022. The firm, which deals in design development and supply of complete powertrains for electric vehicles, was seen trading at GBX 147.50, up by 2.79%, at 11:48 AM (GMT+1) as of 1 July 2022. On a YTD basis, the company has offered its shareholders a negative return of 41.59%.

Ceres Power Holdings Plc (LON: CWR)

The UK-based fuel cell technology and engineering company’s shares were trading at GBX 558.40, up by 1.90%, at 11:57 AM (GMT+1) on Friday. The company has a market cap of £1,049.81 million. Due to various pandemic-related problems and supply chain issues, the company shares failed to perform. Its YTD return was -44.18%, while its one-year return was -47.38%.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.




The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Top LSE Listed Companies